If you are asked to pay in advance, check the Department of Real Estate”s website to see if the loan relief service dealing with has permission to collect advance fees: Ask to see the mortgage company”s “no objection” letter from the Department of Real Estate.  California Foreclosure Lawyers do not have to register with the state as long as they are California attorneys. Real estate and mortgage brokers are allowed to modify mortgage loans as long as their services are fully completed before they are paid.  Loan Modification Outlet is an attorney backed mortgage relief service with partial refund options depending on how far along the individual is in the loan modification process to receive a refund.

• Carefully review the agreement and consider obtaining independent advice before signing it or advancing any fees.
• Compare the services and fees offered by other licensed brokers on the Department of Real Estate”s list.
• Do not pay anyone in advance if you have already received a Notice of Default from your mortgage lender.
• Check with local non-profits that help people modify their home loans without charging money upfront.  See More California DRE tips >

5 Comments »

1. 

   A friend of mine just emailed me one of your mortgage relief articles from a while back. I read that one and several other financing articles. When will this foreclosure mess disapear? I really enjoy your loan modification blog. Thanks -Maurice

   Comment by Home Loan Modifications — November 24, 2008 @ 10:00 pm

2. [...] unknown wrote an interesting post today onLoan Modification Relief for Homeowners » Loan Modifications …Here’s a quick excerptCalifornia Foreclosure Lawyers do not have to register with the state as long as they are California attorneys. Real estate and mortgage brokers are allowed to modify mortgage loans as long as their services are fully completed before … [...]

   Pingback by The Best Real Estate Info » Blog Archive » Loan Modification Relief for Homeowners » Loan Modifications … — November 25, 2008 @ 6:55 pm

3. [...] LMO published an interesting post today on Loan Modification Relief for California Homeowners – a quick excerpt – Loan Modifications Checklist for California DRE. 24th November 2008. If you are asked to pay in advance, check the Department of Real Estate”s website to see if the loan relief service dealing with has permission to collect advance. [...]

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4. [...] admin wrote an interesting post today onLoan Modifications Checklist for California DREHere’s a quick excerptIf you are asked to pay in advance, check the Department of Real Estate”s website to see if the loan relief service dealing with has permission to collect advance fees: Ask to see the mortgage company”s “no objection” letter from the … [...]

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   Pingback by Mortgage Note Modifications » Blog Archive » Loan Modification Tips from the California DRE — December 1, 2008 @ 3:42 pm

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